Massachusetts Worksheet - New Product or Service

State:
Multi-State
Control #:
US-04038BG
Format:
Word; 
Rich Text
Instant download

Description

This form is an initial worksheet for a proposed new product or service for a company.

How to fill out Worksheet - New Product Or Service?

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FAQ

Massachusetts Clothing Sales Tax, Explained In Massachusetts, all clothing and footwear items at $175 or less are exempt from sales tax. Items above $175 are taxable at the statewide Massachusetts rate of 6.25%.

It is the amount of the deductions you took that occurred while you do not live in Massachusetts. An example would be the mortgage interest and real estate taxes on a property that you lived in while you were living in another state; or charitable contributions you made while in that other state.

In Massachusetts, a 6.25% sales tax is imposed on all services performed in the state. Unlike Connecticut and New York, business and professional services in Massachusetts are presumed taxable unless specifically exempt by state statute.

Are groceries taxable in Massachusetts? Grocery items are generally tax exempt in Massachusetts. This includes soft drinks, candy and other food types that many other states consider taxable.

Sales tax. The Massachusetts sales tax is 6.25% of the sales price or rental charge of tangible personal property (including gas, electricity, and steam) or certain telecommunications services1 sold or rented in Massachusetts.

Traditional Goods or Services Goods that are subject to sales tax in Massachusetts include physical property, like furniture, home appliances, and motor vehicles. Prescription medicine, groceries, gasoline, and clothing are all tax-exempt. Some services in Massachusetts are subject to sales tax.

Services in Massachusetts are generally not taxable.

Traditional Goods or Services Goods that are subject to sales tax in Massachusetts include physical property, like furniture, home appliances, and motor vehicles. Prescription medicine, groceries, gasoline, and clothing are all tax-exempt. Some services in Massachusetts are subject to sales tax.

The Massachusetts sales tax is 6.25% of the sales price or rental charge on tangible personal property, including certain telecommunication services sold or rented in Massachusetts.

In general, clothing, groceries, medicines and medical devices and industrial equipment are sales tax exempt in many states (but don't assume they'll be exempt in all states. Every state is different when it comes to sales tax!)

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Massachusetts Worksheet - New Product or Service